Nutrien Ltd. $NTR Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in Nutrien Ltd. (NYSE:NTR) by 5.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,259,803 shares of the company’s stock after selling 76,466 shares during the period. Invesco Ltd.’s holdings in Nutrien were worth $73,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of NTR. Intech Investment Management LLC raised its holdings in Nutrien by 284.0% during the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock worth $3,430,000 after purchasing an additional 51,126 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Nutrien during the 1st quarter worth approximately $311,000. Covea Finance raised its stake in shares of Nutrien by 16.5% during the 2nd quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after buying an additional 10,400 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Nutrien by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock valued at $36,607,000 after buying an additional 7,194 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Nutrien by 20.2% in the second quarter. Advisors Asset Management Inc. now owns 69,551 shares of the company’s stock valued at $4,051,000 after buying an additional 11,704 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Nutrien stock opened at $59.09 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The company has a fifty day moving average price of $57.87 and a two-hundred day moving average price of $58.48. The company has a market cap of $28.57 billion, a PE ratio of 15.93, a P/E/G ratio of 0.68 and a beta of 0.72.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period last year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Nutrien’s payout ratio is presently 58.76%.

Analyst Upgrades and Downgrades

NTR has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on Nutrien in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 price objective for the company. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Jefferies Financial Group lowered their target price on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. UBS Group reduced their price target on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.94.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.